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Snowflake Q2 Shows Strong Retention, Revenue Growth, and Margin Improvement

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Sig2.69Sen+5.72Env0.00Soc0.00Gov0.00

Snowflake’s Q2 fiscal 2027 earnings report drove a one-day rally on strong performance indicators. Product revenue rose 37% year over year, operating margins improved, and 828 customers paid more than $1 million annually. Net revenue retention signals continued strength, with existing customers spending 26% more than last year, alongside improving AI-driven efficiency prospects.

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